Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How to differentiate first-party cyber coverage, which covers your direct costs, from third-party coverage, which covers your liability to others. - To identify key first-party coverages such as data breach notification costs, cyber extortion, and funds transfer fraud. - That third-party coverage responds to lawsuits and legal claims from customers or partners harmed by your security failure. - How cyber business interruption coverage mirrors traditional Business Income coverage, but the triggering peril is a cyber event instead of physical damage. - That standard Commercial General Liability (CGL) policies typically exclude cyber risks, making standalone cyber liability policies essential. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep